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In a major boost for growth, Rosh Pinah Zinc (RPZ) has secured a US$150 million debt facility underwritten by Standard Bank, ensuring full funding for the company’s ambitious RP2.0 expansion project. The financing marks a pivotal step in RPZ’s transformation journey, setting the stage to nearly double its zinc production to 170 million pounds a year while embedding modern, sustainable infrastructure.
Surface construction of the new facilities is already more than 80% complete, remains on budget and is on track for completion in the third quarter of 2026, with ramp-up expected to follow soon after. Rosh Pinah Zinc’s General Manager Alex Mayrick said, “This deal gives RPZ the financial flexibility to deliver RP2.0 on time and on budget. Standard Bank’s backing reflects confidence not only in the project but in our long-term strategy to grow responsibly and sustainably.”
Appian Capital Advisory Limited (Appian), RPZ’s majority shareholder, led a competitive tender process and selected Standard Bank as the financing partner. The deal covers the remaining construction costs, guaranteeing that RP2.0 is fully funded through to production ramp-up. Standard Bank’s support follows extensive technical, legal, environmental and social due diligence, reflecting strong confidence in the commercial viability and ESG standards of the project.
The expansion represents more than additional tonnage, it is a modernisation of RPZ’s entire operation. RP2.0 includes the development of extended underground deposits and the construction of new facilities such as a processing plant, a paste fill and water treatment plant and a new portal and decline system. Together, these upgrades will boost efficiency, extend mine life, and align the operation with world class ESG practices.
In conclusion, Appian’s Head of Base Metals Ignacio Bustamante noted,
“The RP2.0 expansion is at the core of our strategy to optimise operations and create long term value. With this funding secured, RPZ is well placed to deliver a modern, sustainable mine that will benefit all stakeholders for years to come.” Endeavour Financial acted as Appian’s financial adviser on the transaction.
